Which of the following is characteristic of a competitive market?
(A) Low output
(B) High costs
(C) Inexhaustible supply
(D) Efficiency
Ans: (D) Efficiency
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When personal savings rates are ________, it takes ________ change in government purchases to have a given amount of impact of real GDP.
A. higher; more B. unstable; less C. unstable; more D. higher; less
Statistics show that 88% of all computer science majors are ________ and 86% of all architects and engineers are ________
A) men; men B) men; women C) women; men D) women; women
The quantity of funds supplied by lenders is: a. directly related to the rate of interest
b. inversely related to the rate of interest. c. unrelated to the rate of interest. d. first increases and then decreases with the rate of interest.
Disposable income is the aggregate income minus net taxes that households receive in exchange for factors of production they supply in resource markets
Indicate whether the statement is true or false